Albertsons Companies (ACI) Projected to Post Quarterly Earnings on Tuesday

Albertsons Companies (NYSE:ACI - Get Free Report) is expected to release its quarterly earnings results before the market opens on Tuesday, April 15th. Analysts expect Albertsons Companies to post earnings of $0.40 per share and revenue of $18.78 billion for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.07. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The business had revenue of $18.77 billion for the quarter, compared to analysts' expectations of $18.82 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts expect Albertsons Companies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Albertsons Companies Stock Performance

Shares of NYSE ACI traded down $0.24 during mid-day trading on Friday, hitting $21.12. The company had a trading volume of 5,069,104 shares, compared to its average volume of 4,153,047. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. Albertsons Companies has a 1 year low of $17.00 and a 1 year high of $23.20. The company has a market capitalization of $12.24 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 1.92 and a beta of 0.47. The stock's 50-day moving average price is $21.16 and its 200-day moving average price is $19.89.

Remove Ads

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. UBS Group reduced their target price on Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, December 17th. Evercore ISI boosted their price objective on shares of Albertsons Companies from $21.00 to $22.00 and gave the company an "in-line" rating in a research note on Tuesday, March 11th. The Goldman Sachs Group reiterated a "buy" rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 4th. Royal Bank of Canada restated an "outperform" rating and set a $23.00 price target on shares of Albertsons Companies in a research report on Thursday, April 3rd. Finally, Bank of America initiated coverage on Albertsons Companies in a research report on Friday, December 13th. They issued a "neutral" rating and a $22.00 price objective on the stock. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Albertsons Companies currently has an average rating of "Moderate Buy" and an average price target of $23.50.

Albertsons Companies Company Profile

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.